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I get positive angle readings, but it is inversely related to price
movement. It might be useful to see divergence or price movement
relative to the geometric side of it. I can't remember but I think
geometric mean is more accurate than algebraic mean. This might be
similar to that area of thought, but the only real use for arc
tangent is in the ehlers hilbert transform analysis.
Kev
--- In equismetastock@xxxxxxxxxxxxxxx, Dusant <cooldush@xxxx> wrote:
> Krishna,
>
> There is something positively wrong with your observations. atan
(tangent) gives an angle. Which would be between 0 and 360 degrees.
>
> So how do you get negative numbers?
>
> Dusant
> http://www.geocities.com/cooldush
> ----- Original Message -----
> From: murali krishna venkata puppala
> To: equismetastock@xxxx
> Sent: Sunday, July 10, 2005 12:30 AM
> Subject: [EquisMetaStock Group] atan indicator
>
>
> i am observing an indicator from days
>
> the formula for which is as follows
>
> atan(ref(low,-67),high)-1
> you can give the average of 34 for the anove indicator
>
> 67 can be replaced by any other indicator dividing number of
trading hours
> by five on five min chart
>
> overbought and over sold conditions can be set
>
> levels to observe are .5 .648 .382 0 -05 -.648 .-382 +1 -1
>
> if one level is crossed you can observed other levels are crossed
> you can wath this with 34 moving average of price
>
> feedback appreciated
>
> krishnapvm
>
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